Alkame Holdings Inc (ALKM)

[Shrimclim]

Everyone - Let's first look at the basics...

ALKAME HOLDINGS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

For the three months ended
March 31, 2015 | March 31, 2014

Revenues $ 294,006 vs. $ 29,191

Note: l) Revenue Recognition
The Company recognizes revenue in accordance with ASC-605, “Revenue Recognition,” which requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or title has passed; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts.

What does this mean? ALKM is finally SELLING and EARNING REVENUE! Plus, this is ONLY for 3 MONTHS. I'm no Pollyanna, but this is great news, IMO, compared to what we've seen before.


Second, ...the purchase of Xtreme Technologies is COMPLETE, and ALKM now owns the patents for their product!

On January 13, 2015, the Company completed the acquisition of Xtreme Technologies, Inc., an Idaho corporation.

Under the Agreement, Amendment, and Second Amendment, Xtreme became our wholly-owned subsidiary and we acquired the patents on the proprietary process that we believe is the most technologically advanced in water treatment systems for complete hydration. We assumed the operations of Xtreme and continue its business of distributing technologically enhanced bottled water.

Upon closing of the acquisition, we discovered that Xtreme was operating at a loss for the prior year and that it required a substantial cash infusion. We have begun a program of upgrading the production line, reorganized personnel, and began an effort to increase sales of the division so that it returns to profitability as quickly as possible.


Our primary objective now is to introduce, promote, aggressively market and establish channels of distribution to sell our product to a wide range of consumers, first in the United States, Canada and Mexico, and then globally.


Investors - Take heart. Significant progress has bee made cleaning up the Xtreme Mess. Now Eakle et all can get on with making it a true going concern with REAL SALES, REAL REVENUES, and REAL NEW CUSTOMERS in North America.

GLTA!!!